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Maybe will pick some real keyword and try to do a hostile takeover -- perhaps even in a profitable niche.

Great idea, as long it is not in any of my niches

An idea would be to pick a 2 worded keyword and to register your domain has to be (keyword1)(keyword2)(number).com. For example, "webmaster information", the domains would be webmasterforum1.com, webmasterinformation2.com, webmasterinformation3.com etc. This way everyone would start on a level playing field.